Liverpool are close to signing four new players in a £42million splurge on the summer market, Goal understands.

Manager Brendan Rodgers has returned from his holiday in Spain to oversee the capture of midfield playmaker HenrikhMkhitaryan, goalkeeper Simon Mignolet as well as wide forwards Luis Alberto and Christian Atsu.

This will represent a major overhaul to a club that finished seventh in the league this past season.

If he does stay, Liverpool will still be happy to have the second-leading scorer in the English Premier League. This is certainly not something to be upset about.

Either way, the club is certain to get a serious boost from the incoming talent.

One of the most important players in this move is goalkeeper Simon Mignolet. While Pepe Reina is still on the roster for now, the Belgian is more of a long-term answer at the position.

The 30-year-old Reina has received interest from Barcelona, and he could possibly be sent out before the end of the summer. He told the Spanish paper AS (via Kyle Bonn of NBC Sports) "there are not going to be any changes," although it might not be in his control.

Despite his high level of play for years, Mignolet is only 25 years old and has shown great potential in his career at Sunderland. He could be the squad's keeper of the future, and it would be better if the future started as soon as possible.

Another big move is the addition of HenrikhMkhitaryan, who has been impressive everywhere he goes. The Armenian national was a playmaker for Shakhtar Donetsk and displayed skill as both a scorer and a passer.

Next season, the 24-year-old midfielder should find himself immediately in a starting role and will be asked to contribute right away on the attack. This will be a huge addition for Liverpool after relying too much on Steven Gerrard to make plays over the past year.

Just as importantly, he continues to get better as he gets more experience, which is something that should continue on his new club. Here is a look at his performances in league play in each of his past three seasons.

Statistics courtesy of Transfermarkt.com

Mkhitaryan's ability to create opportunities for himself and others will either work well alongside Suarez or help fans forget about him.

Where will Liverpool finish in the EPL next season?

Where will Liverpool finish in the EPL next season?

1st

11.5%

2nd - 4th

62.2%

5th - 7th

24.6%

8th - 10th

0.7%

11th or worse

0.9%

Total votes: 3,332

Christian Atsu and Luis Alberto represent more of the future and will probably struggle to get onto the pitch next year, although both youngsters have a lot of potential and could be big-time players down the road.

With few sure things in the front line, there will certainly be room if either player reaches their potential.

Overall, these four moves represent a great improvement for Liverpool. The club has struggled in recent years simply due to a lack in overall talent on the pitch. These players will help that no longer be a problem.

Although more will need to happen to get to the top of the EPL table, this is certainly a good start.